Proceedings of The 6th International Conference on Management, Economics and Finance
Year: 2023
DOI:
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A Special Look into the Mining Companies in Borsa Istanbul with MCDA Methods
Orhan Emre ELMA
ABSTRACT:
Organizational performance is crucial in determining the position of a company within its industry. Especially with financial performance, the positive and negative aspects of the company can be determined with comparisons to similar companies, in an effective and practical fashion. In this study, in which companies operating in the mining sector that contribute to the development of many industries are examined, financial performance analysis is made and all companies operating in the relevant sector in Borsa Istanbul are ranked according to their performance. In this study, 7 quarterly periods between 2021 and 2022 were examined, 6 accounting and valuation-based criteria were used and standard deviation weighting technique was preferred. Interestingly, although the two methods generated different successful performers, they produced similar results, in terms of financial performance. Thus, GRA and TOPSIS methods are suggested to financial decision makers as a decision support system in their strategical decisions.
keywords: Capital Markets, Financial Performance, MCDA